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an additional burden. >>> u.s. defense secretary leon panetta is urging congress to strike a deal before the end of the year. that's to avoid a fiscal cliff which may result in a significant reduction in defense spending. the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish tra
to vote on thursday or friday. >> it is not an easy sell for the defense of the idea of letting greece buy back its bonds at below market value. >> it is important to be fair and say that other eurozone countries should not be profitable. greece needs this. >> german chancellor angela merkel and her finance minister can count on the majority in parliament to support the plan, even though many lawmakers still had questions when they were being briefed. opposition parties have not yet laid down their position, but in the past, they have signaled that they will support continuing aid for greece, but the social democrats, germany's largest opposition party, wants more information. >> it is too early to determine what impact tonight's decision will have on the german budget. we have also not yet calculated what the consequences would be for the future of greek debt. >> as far as the opposition is concerned, a hair cut for greece is not off the table yet. if anything, it is being postponed until after the election. >> the prospect that german taxpayers will be left holding the bag on greece is n
alliance losing seats. the nationalist party did win a majority overall. >> the israeli defense minister is planning to retire from politics. he says he will quit his post once the new government is formed after the elections in january. many political observers are expecting him to change political parties. >> israel has taken a step towards expanding its missile defense. existing systems down. hundreds of hamas rockets during the recent violence and now they have successfully tested a new weapon against medium-range domiciles. israel hopes will be ready by 2014. -- medium-range missiles. thousands of angry workers in bangladesh have been protesting after ianother fire after the worst ever factory blaze. >> eclipsed the focus on note the working conditions. have forced the closure of the other factories and lay the area. to many of those responsible, they want them to be punished. >> firefighters could not contain this blaze, so the workers pitched in to help. together, they managed to put out the fire. it was the second factory fire outside of the capital in days. this time, no one was
be a grave mistake if we were to refuse defensive support to a fellow nato country at a time when that country sees itself as being attacked from outside by a neighbor. >> patriot missiles can shoot down aircraft as well as incoming missiles. the u.s., the netherlands, and germany are the only nato countries which have the most recent versions of the technology, which means any deployment could see german soldiers stationed on turkey's border with syria. experts expect about 170 troops to be deployed. the government has already signaled its intent. >> we are waiting. that is the message from greece after another delay in its latest bailout payments. >> the greek prime minister says there's no justification for that delay. he has been voicing frustration after eurozone finance ministers failed to greenlight the payment despite 11 hours of overnight talks in brussels. >> they will give it another shot next monday. ordinary greeks are wondering when the uncertainty will finally end. >> the mood was somber on the streets of greek cities as people that just the bad news from brussels -
order? >> there are reports now of morsi discussing the situation with the ministers of defense and the interior. the headquarters of the party of the muslim brotherhood was stormed and set on fire. while we are speaking, there are also clashes going on in the vicinity of the ministry of interior. the situation becomes more violent and more serious. >> are we looking at the end of the national solidarity we saw during the anti-mubarak uprising? i was seeing an end of the solidarity we saw between all sections of society? >> we have a very polarized situation. we have part of the population going onto the street now calling morsi the new dictator, saying he has more power than mubarak had. [inaudible] saying the country is basically stuck for several months. nothing is happening politically, economically paralyzed, so may be it is a good idea for morsi -- maybe it is a good idea for morsi to take power and move the country forward. >> thanks for that update. a palestinian man is dead after being shot by israeli soldiers as he approached the security wall at the gaza border. >> it
peninsula is the common responsibility of concerned nations. it's also in their interest. >> a u.s. defense department official declined to comment on the analysis, but the official said the u.s. asks north korea to follow a u.n. security council ban on launches involving ballistic technology. >>> the people who wont to be south korea's next president are mapping out their strategies in the lead-up to voting day. official campaigning is now under way. and so for the next three weeks candidates will be crisscrossing the country to sell their message. park geun hye of the ruling saenuri party is one of the front-runners. she visited a national cemetery in seoul where she paid respects to those who died in the korean war and other continflicconflic. park expressed her determination to become the country's first female president. >> translator: south korea has to choose whether it wants to move forward with a prepared future or go back to the past which is marked with failure. we are now standing at a crucial crossroads. >> park also said she will promise to build a nation where everyone can le
korea. >>> north korean defense officials have transferred what appear to be ballistic missile parts to a launch site in the country's northwest. their neighbors to the south see it as a sign the north is building another long-range missile. south korean officials say u.s. satellite photos confirm the parts were transferred to the site. the north korean government failed in april to launch what it called a satellite-carrying rocket. the attempt came soon after ununassumed leadership. the north korean military may carry out a new test to make up for the april mishap despite criticism from around the world. south korean defense minister kim kwan-jin says he expects an act of provocation soon. south korea's presidential election is set for next month. >>> conservationists around the world mourn the death this year of a 100-year-old giant tortoise named lonesome george. he was thought to be the last of his kind. lonesome george belonged to a subspecies native to the tiny island of la pinta in the galapagos islands. conservationists believe it became extint wheng george died in june. but
Search Results 0 to 6 of about 7

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